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About

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Fundamentals
Scroll to Statements
Sector Technology Industry Electronic Components Market Cap 113.32B
Enterprise Value 125.22B Income 1.60B Sales 15.63B
Book/sh 13.78 Cash/sh 1.78 Dividend Yield 82.00%
Payout 61.20% Employees 67200 IPO
P/E 72.18 Forward P/E 34.16 PEG
P/S 7.25 P/B 9.59 P/C
EV/EBITDA 34.11 EV/Sales 8.01 Quick Ratio 0.77
Current Ratio 1.59 Debt/Eq 76.19 LT Debt/Eq
EPS (ttm) 1.83 EPS next Y 3.87 EPS Growth 77.40%
Revenue Growth 20.40% Earnings 2026-04-28 ROA 4.95%
ROE 14.90% ROIC Gross Margin 35.98%
Oper. Margin 16.56% Profit Margin 10.21% Shs Outstand 857.95M
Shs Float 787.36M Short Float 2.01% Short Ratio 1.12
Short Interest 52W High 162.10 52W Low 37.31
Beta 1.02 Avg Volume 9.84M Volume 7.33M
Target Price $126.46 Recom Buy Prev Close $136.22
Price $132.09 Change -3.04%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$126.46
Mean price target
2. Current target
$132.09
Latest analyst target
3. DCF / Fair value
$13.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$132.09
Low
$91.00
High
$171.00
Mean
$126.46

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-25 main Citigroup Buy → Buy $170
2026-02-23 main Morgan Stanley Equal-Weight → Equal-Weight $127
2026-02-20 main UBS Buy → Buy $160
2026-01-29 main Morgan Stanley Equal-Weight → Equal-Weight $103
2026-01-29 main Citigroup Buy → Buy $120
2026-01-29 main Susquehanna Positive → Positive $125
2026-01-29 main Mizuho Outperform → Outperform $120
2026-01-28 main JP Morgan Overweight → Overweight $115
2026-01-12 main Citigroup Buy → Buy $102
2025-12-17 main Morgan Stanley Equal-Weight → Equal-Weight $98
2025-11-21 main UBS Buy → Buy $109
2025-10-29 main Citigroup Buy → Buy $99
2025-10-29 main Argus Research Buy → Buy $110
2025-10-29 main UBS Buy → Buy $100
2025-10-29 main JP Morgan Overweight → Overweight $100
2025-10-29 main Susquehanna Positive → Positive $100
2025-10-29 main Barclays Equal-Weight → Equal-Weight $83
2025-10-10 main Morgan Stanley Equal-Weight → Equal-Weight $75
2025-10-03 main Mizuho Outperform → Outperform $90
2025-09-24 main Citigroup Buy → Buy $93
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 631 82939.0 Sale at price 131.11 - 135.83 per share. GULLO MICHELLE L Officer 2026-02-13 00:00:00 D/I
1 1531 204765.0 Sale at price 133.75 per share. ZHANG JOHN Z Officer 2026-02-12 00:00:00 D
2 1583 203800.0 Sale at price 128.74 per share. NELSON AVERY H III Chief Operating Officer 2026-02-11 00:00:00 D
3 15366 2000956.0 Sale at price 130.22 per share. STEVERSON LEWIS A Officer 2026-02-10 00:00:00 D
4 15000 1953711.0 Sale at price 130.25 per share. MUSSER ERIC S. Retired 2026-02-09 00:00:00 D
5 6262 812722.0 Sale at price 129.79 per share. NELSON AVERY H III Chief Operating Officer 2026-02-09 00:00:00 D
6 30000 3830019.0 Sale at price 127.67 per share. KAMMERUD JORDANA DARYL Officer 2026-02-09 00:00:00 D
7 5733 nan WEEKS WENDELL P. Chief Executive Officer 2026-02-09 00:00:00 D
8 2476 nan VERKLEEREN RONALD L Officer 2026-02-09 00:00:00 D
9 2476 nan ZHANG JOHN Z Officer 2026-02-09 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems22.66M22.56M33.17M80.28M
TaxRateForCalcs0.150.270.210.23
NormalizedEBITDA3.58B2.41B2.35B3.19B
TotalUnusualItems150.00M83.00M161.00M351.00M
TotalUnusualItemsExcludingGoodwill150.00M83.00M161.00M351.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.60B506.00M581.00M1.32B
ReconciledDepreciation1.35B1.35B1.37B1.45B
ReconciledCostOfRevenue8.77B7.61B7.41B8.35B
EBITDA3.73B2.49B2.51B3.54B
EBIT2.39B1.14B1.15B2.09B
NetInterestIncome-298.00M-282.00M-291.00M-277.00M
InterestExpense336.00M329.00M329.00M292.00M
InterestIncome38.00M47.00M38.00M15.00M
NormalizedIncome1.47B445.56M453.17M1.05B
NetIncomeFromContinuingAndDiscontinuedOperation1.60B506.00M581.00M1.32B
TotalExpenses13.35B11.98B11.70B12.75B
TotalOperatingIncomeAsReported2.28B1.14B890.00M1.44B
DilutedAverageShares869.00M859.00M857.00M844.00M
BasicAverageShares853.00M848.00M843.00M828.00M
DilutedEPS0.580.681.541.28
BasicEPS0.590.691.561.30
DilutedNIAvailtoComStockholders1.60B506.00M581.00M1.32B
NetIncomeCommonStockholders1.60B506.00M581.00M1.32B
OtherunderPreferredStockDividend803.00M
PreferredStockDividends24.00M
NetIncome1.60B506.00M581.00M1.32B
MinorityInterests-146.00M-86.00M-67.00M-70.00M
NetIncomeIncludingNoncontrollingInterests1.74B592.00M648.00M1.39B
NetIncomeContinuousOperations1.74B592.00M648.00M1.39B
TaxProvision310.00M221.00M168.00M411.00M
PretaxIncome2.05B813.00M816.00M1.80B
OtherIncomeExpense71.00M-40.00M217.00M636.00M
OtherNonOperatingIncomeExpenses-79.00M-123.00M56.00M285.00M
EarningsFromEquityInterest35.00M
GainOnSaleOfSecurity150.00M83.00M161.00M351.00M
NetNonOperatingInterestIncomeExpense-298.00M-282.00M-291.00M-277.00M
InterestExpenseNonOperating336.00M329.00M329.00M292.00M
InterestIncomeNonOperating38.00M47.00M38.00M15.00M
OperatingIncome2.28B1.14B890.00M1.44B
OperatingExpense3.34B3.14B3.04B3.07B
DepreciationAmortizationDepletionIncomeStatement110.00M121.00M122.00M123.00M
DepreciationAndAmortizationInIncomeStatement110.00M121.00M122.00M123.00M
Amortization110.00M121.00M122.00M123.00M
AmortizationOfIntangiblesIncomeStatement110.00M121.00M122.00M123.00M
ResearchAndDevelopment1.11B1.09B1.08B1.05B
SellingGeneralAndAdministration2.12B1.93B1.84B1.90B
GrossProfit5.62B4.28B3.93B4.51B
CostOfRevenue10.01B8.84B8.66B9.68B
TotalRevenue15.63B13.12B12.59B14.19B
OperatingRevenue15.63B13.12B12.59B14.19B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber992.00M987.00M980.00M977.00M
OrdinarySharesNumber857.36M854.00M853.17M823.00M
ShareIssued1.85B1.84B1.83B1.80B
NetDebt6.91B5.44B5.75B5.24B
TotalDebt9.38B8.09B8.48B7.82B
TangibleBookValue8.66B7.57B8.27B8.59B
InvestedCapital20.24B17.90B19.08B18.92B
WorkingCapital3.31B3.07B2.89B2.28B
NetTangibleAssets8.66B7.57B8.27B8.59B
CapitalLeaseObligations943.00M880.00M958.00M906.00M
CommonStockEquity11.81B10.69B11.55B12.01B
TotalCapitalization19.44B17.57B18.76B18.70B
TotalEquityGrossMinorityInterest12.31B11.07B11.87B12.28B
MinorityInterest500.00M384.00M317.00M267.00M
StockholdersEquity11.81B10.69B11.55B12.01B
GainsLossesNotAffectingRetainedEarnings-2.10B-2.54B-2.05B-1.83B
OtherEquityAdjustments-2.10B-2.54B-2.05B-1.83B
TreasuryStock21.14B20.88B20.64B20.53B
RetainedEarnings16.55B15.93B16.39B16.78B
AdditionalPaidInCapital17.58B17.26B16.93B16.68B
CapitalStock924.00M921.00M916.00M910.00M
CommonStock924.00M921.00M916.00M910.00M
TotalLiabilitiesNetMinorityInterest18.67B16.66B16.63B17.22B
TotalNonCurrentLiabilitiesNetMinorityInterest13.04B11.75B12.31B12.05B
OtherNonCurrentLiabilities1.32B1.18B1.13B1.37B
DerivativeProductLiabilities307.00M273.00M31.00M17.00M
EmployeeBenefits901.00M865.00M1.12B1.07B
NonCurrentPensionAndOtherPostretirementBenefitPlans901.00M865.00M1.12B1.07B
NonCurrentDeferredLiabilities2.03B1.76B1.98B2.10B
NonCurrentDeferredRevenue1.88B1.63B1.76B1.86B
NonCurrentDeferredTaxesLiabilities149.00M137.00M218.00M243.00M
LongTermDebtAndCapitalLeaseObligation8.48B7.67B8.05B7.48B
LongTermCapitalLeaseObligation846.00M785.00M846.00M795.00M
LongTermDebt7.63B6.88B7.21B6.69B
CurrentLiabilities5.63B4.92B4.32B5.17B
OtherCurrentLiabilities1.40B1.72B1.41B1.91B
CurrentDeferredLiabilities386.00M317.00M329.00M276.00M
CurrentDeferredRevenue386.00M317.00M329.00M276.00M
CurrentDebtAndCapitalLeaseObligation901.00M421.00M432.00M335.00M
CurrentCapitalLeaseObligation97.00M95.00M112.00M111.00M
CurrentDebt804.00M326.00M320.00M224.00M
OtherCurrentBorrowings804.00M326.00M320.00M224.00M
PayablesAndAccruedExpenses2.94B2.46B2.14B2.66B
CurrentAccruedExpenses866.00M883.00M609.00M727.00M
Payables2.08B1.58B1.53B1.93B
TotalTaxPayable98.00M109.00M69.00M127.00M
IncomeTaxPayable98.00M109.00M69.00M127.00M
AccountsPayable1.98B1.47B1.47B1.80B
TotalAssets30.98B27.73B28.50B29.50B
TotalNonCurrentAssets22.04B19.74B21.29B22.05B
OtherNonCurrentAssets332.00M303.00M532.00M404.00M
NonCurrentPrepaidAssets248.00M253.00M261.00M349.00M
NonCurrentDeferredAssets1.51B1.13B1.15B1.07B
NonCurrentDeferredTaxesAssets1.51B1.13B1.15B1.07B
NonCurrentAccountsReceivable330.00M33.00M
FinancialAssets272.00M360.00M130.00M224.00M
InvestmentsAndAdvances512.00M394.00M414.00M360.00M
GoodwillAndOtherIntangibleAssets3.15B3.12B3.29B3.42B
OtherIntangibleAssets657.00M752.00M905.00M1.03B
Goodwill2.49B2.36B2.38B2.39B
NetPPE15.69B14.15B15.51B16.21B
AccumulatedDepreciation-15.23B-14.49B-14.55B-14.15B
GrossPPE30.91B28.65B30.07B30.36B
ConstructionInProgress1.71B1.82B1.94B2.33B
OtherProperties22.56B20.80B21.78B21.64B
MachineryFurnitureEquipment20.80B21.21B
BuildingsAndImprovements6.26B5.65B5.93B5.96B
LandAndImprovements383.00M375.00M412.00M420.00M
Properties0.000.000.000.00
CurrentAssets8.94B7.99B7.21B7.45B
OtherCurrentAssets858.00M745.00M694.00M703.00M
HedgingAssetsCurrent533.00M619.00M501.00M454.00M
Inventory3.08B2.72B2.67B2.90B
FinishedGoods1.38B1.32B1.24B1.31B
WorkInProcess618.00M547.00M551.00M571.00M
RawMaterials1.08B854.00M873.00M1.02B
Receivables2.94B2.14B1.57B1.72B
OtherReceivables163.00M83.00M
AccountsReceivable2.78B2.05B1.57B1.72B
AllowanceForDoubtfulAccountsReceivable-27.00M-33.00M-30.00M-40.00M
GrossAccountsReceivable2.81B2.09B1.60B1.76B
CashCashEquivalentsAndShortTermInvestments1.53B1.77B1.78B1.67B
CashAndCashEquivalents1.53B1.77B1.78B1.67B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.41B974.00M615.00M1.01B
RepurchaseOfCapitalStock-163.00M-165.00M-507.00M-728.00M
RepaymentOfDebt-719.00M-297.00M-320.00M-87.00M
IssuanceOfDebt294.00M153.00M1.00B127.00M
CapitalExpenditure-1.28B-965.00M-1.39B-1.60B
InterestPaidSupplementalData311.00M310.00M274.00M275.00M
IncomeTaxPaidSupplementalData283.00M263.00M213.00M426.00M
EndCashPosition1.53B1.77B1.78B1.67B
OtherCashAdjustmentOutsideChangeinCash-40.00M
BeginningCashPosition1.77B1.78B1.67B2.15B
EffectOfExchangeRateChanges18.00M-42.00M-14.00M-88.00M
ChangesInCash-220.00M31.00M122.00M-389.00M
FinancingCashFlow-1.67B-1.16B-883.00M-1.65B
CashFlowFromContinuingFinancingActivities-1.67B-1.16B-883.00M-1.65B
NetOtherFinancingCharges-126.00M55.00M-109.00M-69.00M
ProceedsFromStockOptionExercised41.00M76.00M42.00M40.00M
CashDividendsPaid-999.00M-986.00M-989.00M-932.00M
CommonStockDividendPaid-999.00M-986.00M-989.00M-932.00M
NetPreferredStockIssuance-507.00M-507.00M-507.00M
PreferredStockPayments-507.00M-507.00M-507.00M
NetCommonStockIssuance-163.00M-165.00M-221.00M-274.00M
CommonStockPayments-163.00M-165.00M-221.00M-274.00M
NetIssuancePaymentsOfDebt-425.00M-144.00M680.00M40.00M
NetShortTermDebtIssuance-17.00M-144.00M
ShortTermDebtPayments-87.00M-144.00M
ShortTermDebtIssuance70.00M22.00M
NetLongTermDebtIssuance-425.00M-144.00M680.00M40.00M
LongTermDebtPayments-719.00M-297.00M-320.00M-87.00M
LongTermDebtIssuance294.00M153.00M1.00B127.00M
InvestingCashFlow-1.24B-744.00M-1.00B-1.35B
CashFlowFromContinuingInvestingActivities-1.24B-744.00M-1.00B-1.35B
NetOtherInvestingChanges-9.00M47.00M23.00M-52.00M
NetInvestmentPurchaseAndSale182.00M181.00M317.00M225.00M
SaleOfInvestment304.00M279.00M326.00M300.00M
PurchaseOfInvestment-122.00M-98.00M-9.00M-75.00M
NetBusinessPurchaseAndSale-134.00M-7.00M-17.00M76.00M
SaleOfBusiness76.00M103.00M
PurchaseOfBusiness-134.00M-7.00M-17.00M
NetPPEPurchaseAndSale67.00M
SaleOfPPE67.00M
CapitalExpenditureReported-1.28B-965.00M-1.39B-1.60B
OperatingCashFlow2.69B1.94B2.00B2.62B
CashFlowFromContinuingOperatingActivities2.69B1.94B2.00B2.62B
TaxesRefundPaid99.00M
DividendReceivedCFO8.00M
ChangeInWorkingCapital-460.00M-558.00M-93.00M-79.00M
ChangeInOtherWorkingCapital210.00M-33.00M-47.00M61.00M
ChangeInOtherCurrentAssets-262.00M-107.00M-80.00M-139.00M
ChangeInPayablesAndAccruedExpense584.00M470.00M-173.00M408.00M
ChangeInPayable584.00M470.00M-173.00M408.00M
ChangeInAccountPayable584.00M470.00M-173.00M408.00M
ChangeInInventory-243.00M-171.00M157.00M-522.00M
ChangeInReceivables-749.00M-717.00M50.00M113.00M
ChangesInAccountReceivables-749.00M-717.00M50.00M113.00M
OtherNonCashItems274.00M223.00M-30.00M80.00M
StockBasedCompensation286.00M273.00M218.00M175.00M
DeferredTax-355.00M-33.00M-75.00M-46.00M
DeferredIncomeTax-355.00M-33.00M-75.00M-46.00M
DepreciationAmortizationDepletion1.35B1.35B1.37B1.45B
DepreciationAndAmortization1.35B1.35B1.37B1.45B
AmortizationCashFlow110.00M121.00M122.00M123.00M
AmortizationOfIntangibles110.00M121.00M122.00M123.00M
Depreciation1.24B1.23B1.25B1.33B
OperatingGainsLosses-139.00M92.00M-131.00M-353.00M
PensionAndEmployeeBenefitExpense-68.00M-9.00M-25.00M70.00M
EarningsLossesFromEquityInvestments-35.00M
GainLossOnInvestmentSecurities-8.00M23.00M
NetForeignCurrencyExchangeGainLoss-98.00M-42.00M-261.00M-542.00M
NetIncomeFromContinuingOperations1.74B592.00M648.00M1.39B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for GLW
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status